LightFrJse Arts & Entertainment I Poole Annual Report and Financial Statements 11 YEAR ENDED 31 MARCH 2023 l Different every day
| Introduction —Chairman. |
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|---|---|---|
| Introduction —Chief Executive .. |
||
| Trustees' Report. . |
||
| Management ofstrategic goals and achievements |
for 2023/24 | |
| Financial review |
||
| Structure, Governance 5 Management. |
....16 | |
| Reference and Administrative Details. .... |
.21 | |
| Directors' responsibilities for financial statements, |
......22 | |
| Independent auditor's report to the members of |
Poole Arts Trust Limited | ........23 |
| Consolidated statement offinancial activities for |
the year ended 31March 2023 | 26 |
| Consolidated statement offinancial activities for |
the year ended 31March 2022 | 27 |
| Company statement offinancial activities for the |
year ended 31March 2023. | .28 |
| Company statement offinancial activities for the |
year ended 31March 2022. | 29 |
| Consolidated balance sheet at 31March 2023.. |
.30 | |
| Company balance sheet at31March 2023.. |
31 | |
| Consolidated cash flow statement for the year ended 31March 2023..... |
32 | |
| Notes to the financial statements. | ...33 |
| Consolidated stateme ended 31March 2023 |
nt offinanci | nt offinanci | al acti | vities fo | r the y |
|---|---|---|---|---|---|
| (Incorporating the Group Income and Expenditure |
Account and Statement of | Comprehensive | Income) | ||
| Note | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | 2023 | ||
| E | E | E | E | ||
| Incoming Resources |
|||||
| Donations and legacies | |||||
| Grant income | 784,396 | 9,759 | 794,155 | ||
| Donations, legacies and gifts |
41,516 | 41,516 | |||
| Donations and legacies income sub-total |
825,912 | 9,759 | 835,671 | ||
| Income from charitable activities |
|||||
| Income from events programme | 3,360,348 | 3,360,348 | |||
| Bar, cafis, and merchandising | 489,510 | 489,510 | |||
| Income from charitable activities sub-total |
3,849,858 | 3,849,858 | |||
| Income from other trading activities | |||||
| Commercial trading activities |
758,331 | 758,331 | |||
| Income from other trading activities sub-total | 758,331 | 758,331 | |||
| Investment income |
|||||
| Bank interest receivable | 2,232 | 2,232 | |||
| Total incoming resources | 5.436.333 | 9,759 | 5,446,092 | ||
| Resources Expended | |||||
| Cost ofgenerating funds |
|||||
| Bar, cafis, and merchandising | 1.8 | 425,270 | 425,270 | ||
| Commercial trading operations |
1.12 | 555,142 | 555,142 | ||
| Costs ofgenerating funds sub-total |
980,412 | 980,412 | |||
| Charitable activities |
|||||
| Costs for events programme | 4,475,046 | 218,294 | 4,693,340 | ||
| Costs ofcharitable activities sub-total | 4,475,046 | 218,294 | 4,693,340 | ||
| Total resources expended | 5,455,458 | 218,294 | 5,673,752 | ||
| Net income/(expenditure) forthe year |
(19,125) | (208,535) | (227,660) | ||
| Transfers between funds |
14 | 446,306 | 50,000 | (496,306) | |
| Net movement in funds forthe year |
427,181 | 50,000 | (704,841) | (227,6601 | |
| Funds brought forward at1April 2022 | 14/15 | 969,251 | 590,080 | 5,085,050 | 6,644,381 |
| Balances carried forward at31March 2023 | 14/15 | 1,396,432 | 640,080 | 4,380,209 | 6,416,721 |
| Consolidated stateme ended 31March 2022 |
nt offinanci | nt offinanci | al acti | vities fo | r the y |
|---|---|---|---|---|---|
| (Incorporating the Group Income and Expenditure |
Account and Statement of | Comprehensive | Income) | ||
| Note | Unrestricted | Designated | Restricted | Total | |
| funds | funds | funds | 2022 | ||
| E | E | E | E | ||
| incoming Resources |
|||||
| Donations and legacies |
|||||
| Grant income | 960,639 | 1,073,771 | 2,034,410 | ||
| Donations, legacies and gifts |
44,221 | 73,463 | 117,684 | ||
| Donations and legacies income sub-total |
1,004,860 | 1,147,234 | 2,152,094 | ||
| Income from charitable activities | |||||
| Income from events programme | 2,571,579 | 2,571,579 | |||
| Bar, cafe, and merchandising | 346,708 | 346,708 | |||
| Income from charitabie activities sub-total | 2,918,287 | 2,918,287 | |||
| Income from other trading activities | |||||
| Commercial trading activities |
535,762 | 535,762 | |||
| Income from other trading activities sub-total | 535,762 | 535,762 | |||
| Investment income |
|||||
| Bank interest receivable | 151 | ||||
| Total incoming resources | 4,459,060 | 1,147,234 | 5,606,294 | ||
| Resources Expended | |||||
| Cost ofgenerating funds |
|||||
| Bar, cafe, and merchandising | 1.8 | 303,030 | 303,030 | ||
| Commercial trading operations |
1.12 | 430,212 | 430,212 | ||
| Costs ofgenerating funds sub-total |
733,242 | 733,242 | |||
| Charitable activities |
|||||
| Costs for events programme | 3,543,250 | 1,289,755 | 4,833,005 | ||
| Costs ofcharitable activities sub-total | 3,543,250 | 1,289,755 | 4,833,005 | ||
| Total resources expended | 4,276,492 | 1,289,755 | 5,566,247 | ||
| Net income/(expenditure) forthe year |
182,568 | (142,521) | 40,047 | ||
| Transfers between funds |
14 | 713,429 | (177,783) | (535,646) | |
| Net movement in funds for the year |
895,997 | (177,783) | (678,167) | 40,047 | |
| Funds brought forward at1April 2021 | 14/15 | 73,254 | 767,863 | 5,763,217 | 6,404,334 |
| Balances carried forward at 31March 2022 | 14/15 | 969,251 | 590,080 | 5,085,050 | 6,644,381 |
| ended 31M | a | rch 2023 | rch 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| (Incorporating the Company |
Income and Expenditure | Account | and Statement of | Comprehensive | Income) | |||
| Unrestricted | funds | Restricted | Total | |||||
| funds | 2023 | |||||||
| Note | Undesignate | |||||||
| d | Designated | |||||||
| E | E | |||||||
| Incoming Resources |
||||||||
| Donations and legacies |
||||||||
| Grant income | 784,396 | 9,759 | 794,155 | |||||
| Donations. legacies and gifts | 41,516 | 41,516 | ||||||
| Donations and legacies income sub-total |
825,912 | 9,759 | 835,671 | |||||
| Income from charitable activities | ||||||||
| Income from events programme | 3,360,348 | 3,360,348 | ||||||
| Bar, cafe, and merchandising | 489,510 | 489,510 | ||||||
| Income from charitable activities sub-total | 3,849,858 | 3,849,858 | ||||||
| Income from other trading | activities | |||||||
| Gift aid from Poole Arts Trust | (Trading) | Limited | ||||||
| Income from other trading | activities sub-total | |||||||
| Investment income |
||||||||
| Bank interest receivable | 2,232 | 2,232 | ||||||
| Total incoming resources | 4,678,002 | 9,759 | 4,687,761 | |||||
| Resources Expended | ||||||||
| Cost ofgenerating funds |
||||||||
| Bar, cafe, and merchandising | 425,270 | 425,270 | ||||||
| Costs ofgenerating funds sub-total |
425,270 | 425,270 | ||||||
| Charitable activities |
||||||||
| Costs for events programme | 4,475,046 | 218,294 | 4,693,340 | |||||
| Costs ofcharitable activities | sub-total | 4,475,046 | 218,294 | 4,693,340 | ||||
| Total resources expended | 4,900,316 | 218,294 | 5,118,610 | |||||
| Net income/(expenditure) | forthe year | (222,314) | (208,535) | (430,849) | ||||
| Transfers between funds |
14 | 446,306 | 50,000 | (496,306) | ||||
| Net movement in funds forthe year |
223,992 | 50,000 | (704,841) | (430,849) | ||||
| Funds brought forward at1April 2022 | 14/15 | 863,385 | 590.080 | 5,085,050 | 6,538,515 | |||
| Balances carried forward at | 31March 2023 | 14/15 | 1,087,377 | 640,080 | 4,380,209 | 6,107,666 |
| ended 31M | a | rch 2022 | rch 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| (Incorporating the Company |
Income and Expenditure | Account | and Statement of | Comprehensive | Income) | |||
| Unrestricted | funds | Restricted | Total | |||||
| funds | 2022 | |||||||
| Note | Undesignated | Designated | ||||||
| E | E | E | ||||||
| Incoming Resources |
||||||||
| Donations and legacies | ||||||||
| Grant income | 960,639 | 1,073,771 | 2,034,410 | |||||
| Donations, legacies and gifts |
44,221 | 73,463 | 117,684 | |||||
| Donations and legacies income sub-total | 1,004,860 | 1,147,234 | 2,152,094 | |||||
| Income from charitable activities | ||||||||
| Income from events programme | 2,571,579 | 2,571,579 | ||||||
| Bar, cafe, and merchandising | 346,708 | 346,708 | ||||||
| Income from charitable activities sub-total | 2,918,287 | 2,918,287 | ||||||
| Income from other trading | activities | |||||||
| Gift aid from Poole Arts Trust | (Trading) | Limited | ||||||
| Income from other trading | activities sub-total | |||||||
| Investment income |
||||||||
| Bank interest receivable | 151 | 151 | ||||||
| Total incoming resources | 3,923,298 | 1,147,234 | 5,070,532 | |||||
| Resources Expended | ||||||||
| Cost ofgenerating funds |
||||||||
| Bar, cafe, and merchandising | 303,030 | 303,030 | ||||||
| Costs ofgenerating funds |
sub-total | 303,030 | 303,030 | |||||
| Charitable activities |
||||||||
| Costs for events programme | 3,543,250 | 1,289,755 | 4,833,005 | |||||
| Costs ofcharitable activities | sub-total | 3,543,250 | 1,289,755 | 4,833,005 | ||||
| Total resources expended | 3,846,280 | 1,289,755 | 5,136,035 | |||||
| Net income/(expenditure) | forthe year | 77,018 | (142,521) | (65,503) | ||||
| Transfers between funds |
14 | 713,429 | (177,783) | (535,646) | ||||
| Net movement in funds forthe year |
790,447 | (177,783) | (678,167) | (65,503) | ||||
| Cunds brought forward at 1April 2021 | 14/15 | 72,938 | 767,863 | 5,763,217 | 6,604,018 | |||
| Balances carried forward at | 31March 2022 | 14/15 | 863,385 | 590,080 | 5,085,050 | 6,538,515 |
| Charity numb | er: 27 | 5 | 961 | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 5,127,883 | 5,097,173 | ||||||
| Current assets | ||||||||
| Stock | 24,591 | 30,397 | ||||||
| Debtors | 605,518 | 595.954 | ||||||
| Cash in hand | and at | bank | 2,251,381 | 3,151,217 | ||||
| 2,881,490 | 3,777,568 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 10 | (1,901,707i | (2,336,226) | |||||
| Net current | assets | 979,783 | 1,441,342 | |||||
| Net assets | 13 | 6,107,666 | 6.538,515 | |||||
| Funds | ||||||||
| Unrestricted | funds: | |||||||
| Undesignated | 14 | 1,087,377 | 863,385 | |||||
| Designated | 14 | 640,080 | 590.080 | |||||
| Restricted funds: | ||||||||
| Development | project | 15 | 4,33L889 | 4,500,117 | ||||
| Capital | replacement | 15 | 140,309 | |||||
| Other restricted | funds | 15 | 48,320 | 112,743 | ||||
| Weston | Culture | Fund | 15 | 79,956 | ||||
| Cultural | Relief | Fund | 15 | 251,925 | ||||
| 6,107,666 | 6,538,515 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | |||||||||
| Net cash inflow/(outflow) | from | ||||||||
| operating activities |
18 | (540,109) | 1,766,055 | ||||||
| Cash flows from investing | |||||||||
| activities | |||||||||
| Interest received | 2,232 | 151 | |||||||
| Net cash inflow from | investing | ||||||||
| activities | 2,232 | 151 | |||||||
| Cash flows from financing | |||||||||
| activities | |||||||||
| Purchase oftangible | fixed | assets | (361,959) | (204,278) | |||||
| Net cash outflow from financing | |||||||||
| activities | (361,959) | (204,278) | |||||||
| Increase/(decrease) | in cash | 19 | (899,836) | 1,561,928 |
| Leasehold | property | Up | to 20/30 years |
|---|---|---|---|
| Equipment | 5years | ||
| Furniture | 10years | ||
| Fixtures | 5to 10years |
| .Surplus / (def |
ic | it) | for the ye | ar | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Note | Total | Total | |||||
| E | E | ||||||
| Incoming Resources |
|||||||
| Turnover | |||||||
| Ticket income | 2,161,136 | 1,671,990 | |||||
| Other direct programme | income | 734,584 | 525,046 | ||||
| Rental income | 464,628 | 374,543 | |||||
| Bars, catering, merchandising, |
etc. | 489,510 | 346,708 | ||||
| Trading company | 758,331 | 535.762 | |||||
| Fundraising | 28,507 | 38,265 | |||||
| interest receivable | 2,232 | 151 | |||||
| Other donations | 73,463 | ||||||
| Other restricted donations | 5,956 | ||||||
| Legacies | 5,009 | ||||||
| Sponsorship income |
8,000 | ||||||
| Turnover | 4,651,937 | 3,571,884 | |||||
| Grant Income | |||||||
| Arts Council England, Southwest | 354,806 | 354,806 | |||||
| Additional Restrictions |
Grant | (BCP | |||||
| Council) | 41,000 | ||||||
| Job Retention Scheme | Grant | 87,179 | |||||
| BCPCouncil | 431,188 | 430,812 | |||||
| Cultural Recovery Fund |
(DCMS) | 1,073,771 | |||||
| Other Grants | 585 | 4,000 | |||||
| RBSBank Switch | 25,000 | ||||||
| DCCI Kick Starters | 2,876 | 17.842 | |||||
| National Theatre Connections | 4,700 | ||||||
| Grant Income | 794,155 | 2,034,410 | |||||
| Total Incoming Resources | 5,446,092 | 5.606.294 | |||||
| Resources Expended | |||||||
| Cost ofSales | |||||||
| Direct programme and |
event | costs | 2,647,131 | 2,129,127 | |||
| Trading company Bars, catering, merchandising, |
etc. | 555,142 425,270 |
430,212 303,030 |
||||
| Total Cost ofSales | 3,627,543 | 2,862,369 | |||||
| Administrative Expenditure |
|||||||
| Establishment costs |
524,110 | 760,750 | |||||
| Marketing and publicity |
485,123 | 391,284 | |||||
| Support costs | 868,748 | 906,943 | |||||
| Other restricted costs | 17,556 | ||||||
| Total Administrative Expenditure |
1,877,981 | 2,076,533 | |||||
| Total Resources Expended before | 5,505,524 | 4,938,902 | |||||
| Restricted Depreciation | |||||||
| Net Surplus / (Deficit) before | (59,432) | 667.392 | |||||
| Restricted Depreciation | |||||||
| Restricted depreciation | (168,228) | (627.345) | |||||
| Net Surplus I(Deficit) after Restricted Depreciation |
(227,660) | 40,047 |
| 2023 | 2022 |
|---|---|
| E | E |
| 2,232 |
| imited premises. A summary of |
the trading resu |
lts is shown |
below. | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| Note | E | E | ||
| Turnover | 1.11 | 699,256 | 523,599 | |
| Cost ofsales and administration | costs | 1.12 | (555,142) | (430,212) |
| Theatre Tax Relief | 1.11 | 59,075 | 12,163 | |
| Net profit | 203,189 | 105,550 | ||
| The assets and liabilities ofthe | subsidiary | |||
| were: | ||||
| Fixed assets | 40,235 | 18,609 | ||
| Current assets | 394,556 | 143,324 | ||
| Current liabilities |
(125,736) | (56,067) | ||
| Total net assets | 309,055 | 105,866 |
| .Staff costs | ||
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Wages and salaries | 1,671,920 | 1,403,380 |
| Social security costs | 124,343 | 96,738 |
| Pension costs | 41,502 | 37,958 |
| 1,837,765 | 1,538,076 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| FTE | |||
|---|---|---|---|
| Management | and administration | 18 | 17 |
| Marketing and |
publicity | 6 | 5 |
| Establishment | 15 | 13 | |
| Bars, catering, | and merchandise | 14 | 10 |
| Direct programme and event |
10 | 9 | |
| Total FTE | 63 | 54 | |
| Average number ofemployees | 122 | 103 |
| Gross | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| wages | Nl Ers | Pension | Benefits | Total | Gross wages | NI Ers | Pension | Benefits | Total |
| E | E | E | E | E | E | E | E | E | E |
| 305,806 | 37,815 | 23,728 | 3,582 | 370,931 | 273.060 | 30,844 | 25,941 | 3,229 | |
| 333,074 |
| The operating surplus |
for | the year is stated after charging: | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| Auditors' remuneration: |
||||
| Audit services | 18,900 | 15,850 | ||
| Non-audit services |
6,070 | 800 | ||
| Depreciation oftangible |
fixed assets | 309,043 | 692,474 | |
| Audit services in respect |
of Poole Arts Trust | |||
| (Trading) Limited |
3,000 | 2,500 |
| Cost | ||||
|---|---|---|---|---|
| At 1April 2022 | 14,617,286 | 1,215,248 | 15,832,534 | |
| Additions | 78,169 | 277,370 | 6,420 | 361,959 |
| Disposals | (580) | (580) | ||
| At 31March 2023 | 14,695,455 | 1.492,038 | 6,420 | 16,193,913 |
| Depreciation | ||||
| At 1April 2022 | 9,911,166 | 805,586 | 10,716,752 | |
| Provided during the year |
176,684 | 132,359 | 309,043 | |
| At 31March 2023 | 10,087,850 | 937,945 | 11,025,795 | |
| Net book value | ||||
| At 31March 2022 | 4,706,120 | 409,662 | 5,115,782 | |
| At 31March 2023 | 4,607,605 | 554,093 | 6,420 | 5,168,118 |
| ~ ~ | |||||
|---|---|---|---|---|---|
| ~ ~ |
|||||
| Cost | |||||
| At 1April | 2022 | 14,617,286 | 1,188,737 | 15,806,023 | |
| Additions | 78,169 | 251,032 | 6,420 | 335,621 | |
| Disposals | (580) | (580) | |||
| At 31March 2023 | 14,695,455 | 1,439,189 | 6,420 | 16,14L064 | |
| Depreciation | |||||
| At 1April | 2022 | 9,911,166 | 797,684 | 10,708,850 | |
| Provided | during the year | 176,684 | 127,647 | 304,331 | |
| At 31March 2023 | 10,087,850 | 925,331 | 11,013,181 | ||
| Net book | value | ||||
| At 31March 2022 | 4,706,120 | 391,053 | 5,097,173 | ||
| At 31March 2023 | 4,607,605 | 513,858 | 6,420 | 5,127,883 |
| .Stocks | |||||
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| Group | Charity | Group | Charity | ||
| E | E | E | E | ||
| Consumables | 11,119 | 11,119 | 13,051 | 13,051 | |
| Goods for resale | 24,514 | 13,472 | 26,710 | 17,346 | |
| 35,633 | 24,591 | 39,761 | 30,397 | ||
| .Debtors | |||||
| 2023 | 2023 | 2022 | 2022 | ||
| Group | Charity | Group | Charity | ||
| E | E | E | E | ||
| Trade debtors | 141,663 | 104,644 | 161,574 | 147,016 | |
| VAT recoverable | 76,307 | ||||
| Other debtors | 51,602 | 48,925 | 24,326 | 23,006 | |
| Prepayments | and accrued income | 406,299 | 375,642 | 441,451 | 425,932 |
| 599,564 | 605,518 | 627,351 | 595,954 |
| 10.Cre | ditors: | amounts falling d |
ue within one ye | ar | ||
|---|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | |||
| Group | Charity | Group | Charity | |||
| E | E | E | E | |||
| Trade creditors | 427,925 | 418,846 | 760,877 | 752,356 | ||
| Other creditors | 341,558 | 315,013 | 427,101 | 407,554 | ||
| Taxation | and Social Security | 13,805 | 43,937 | 15,938 | ||
| Deferred | income | 215,500 | 215,500 | 215,876 | 215,876 | |
| Amounts | owed to | group undertakings | 312,661 | 102,063 | ||
| 998,788 | 1,262,020 | 1,447,791 | 1,493,787 | |||
| Boxoffice receipts | in advance | 639,687 | 639,687 | 842,439 | 842,439 | |
| 1,638,475 | 1,901,707 | 2,290,230 | 2.336,226 |
| 2023 | 2023 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|
| Group | Charity | Group | Charity | |||
| Boxoffice receipts | in advance analysis: | E | E | E | E | |
| Opening | balance | 842,439 | 842,439 | 590,343 | 590,343 | |
| Tickets | sold for events | 3,218,089 | 3,218,089 | 2,832,656 | 2,832,656 | |
| Tickets | transferred | to SOFA | (3,420,841) | (3,052,704) | (1,953,688) | (1,631,605) |
| Tickets | transferred | to subsidiary | (368,137) | (322,083) | ||
| Tickets | transferred | to third parties | (626,872) | (626,872) | ||
| 639,687 | 639,687 | 842,439 | 842,439 |
| Tangible | Current | Current | |||||
|---|---|---|---|---|---|---|---|
| Group | fixed assets | assets | liabilities | Total | |||
| E | E | E | E | ||||
| Development | project | 4,331,889 | 4,331,889 | ||||
| Other restricted | funds | 48,320 | 48,320 | ||||
| Restricted | total | 4,331,889 | 48,320 | 4,380,209 | |||
| Unrestricted | fund | 836,229 | 2,198,678 | (1,638,475) | 1,396,432 | ||
| Designated | fund | 640,080 | 640,080 | ||||
| Total | 5,168,118 | 2,887,078 | (1,638,475) | 6,416,721 | |||
| Tangible | Current | Current | |||||
| Charity | fixed assets | assets | liabilities | Total | |||
| E | E | E | E. | ||||
| Development | project | 4,331,889 | 4,331,889 | ||||
| Other restricted | funds | 48,320 | 48,320 | ||||
| Restricted | total | 4,331,889 | 48,320 | 4,380,209 | |||
| Unrestricted | fund | 795,994 | 2,193,090 | (1,901,707) | 1,087,377 | ||
| Designated | fund | 640,080 | 640,080 | ||||
| Total | 5,127,883 | 2,881,490 | (1,901,707) | 6,107,666 |
| 14.Unrestricted funds |
|||
|---|---|---|---|
| Total | |||
| Undesignated | Designated | unrestricted | |
| Group | funds | funds | funds |
| E | E | E | |
| Income | 5,436,333 | 5,436,333 | |
| Expenditure | (5,455,458) | (5,455,458) | |
| Transfers | 446,306 | 50,000 | 496,306 |
| Surplus for the year | 427,181 | 50,000 | 477,181 |
| Balance at 1April 2022 | 969,251 | 590,080 | 1,559,331 |
| Balance at 31March 2023 | 1,396,432 | 640,080 | 2,036,512 |
| In the previous year group undesignated f surplus for the year ofE182,568. |
unds had total income of E4,459,060 |
, total expenditure o |
f E4,276,492 and |
|---|---|---|---|
| Total | |||
| Undesignated | Designated | unrestricted | |
| Charity | funds | Funds | funds |
| E | E | E | |
| Income | 4,678,002 | 4,678,002 | |
| Expenditure | (4,900.316) | (4,900,316) | |
| Transfers | 446,306 | 50,000 | 496,306 |
| Surplus for the year | 223,992 | 50,000 | 273,992 |
| Balance at 1April 2022 | 863,385 | 590,080 | 1,453,465 |
| Balance at 31March 2023 | 1.087,377 | 640,080 | 1,727,457 |
| Artistic Risk | ||||
|---|---|---|---|---|
| Reserve | Risk Reserve | Total | ||
| E | E | E | ||
| Balance at | 1April 2022 | 196,693 | 393,387 | 590,080 |
| Transferred | in (out) | 50,000 | 50,000 | |
| Balance at | 31March 2023 | 196,693 | 443,387 | 640,080 |
| 18.Net cash inflow / (ou | tflow) | f | rom operati | ng activi |
ties | ||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| E | E | ||||||
| Reconciliation ofoperating surplus to net |
|||||||
| cash inflow / (outflow) from operating | |||||||
| activities: | |||||||
| Net unrestricted incoming/(outgoing)resources |
for the year | (10,700) | 182,568 | ||||
| Net designated incoming/(outgoing) |
resources | for the year | |||||
| Net restricted incoming/(outgoing) |
resources | for the year | (216,960) | (142,521) | |||
| Net incoming/(outgoing) resources for the year |
(227,660) | 40,047 | |||||
| Interest receivable | (2,232) | (151) | |||||
| Depreciation on fixed assets |
309,043 | 913,645 | |||||
| Loss on disposal offixed assets | 580 | ||||||
| (Increase)/decrease in stock |
4,128 | (21,823) | |||||
| (Increase)/decrease in debtors |
27,787 | (201,034) | |||||
| Increase / (decrease) in creditors |
(651,755) | 1,035,371 | |||||
| Net cash inflow / (outflow) from operating | activities | (540,109) | 1,766,055 | ||||
| 19.Analysis ofchanges | in net | funds | |||||
| 2022 | Cash | flow | 2023 | ||||
| E | E | E | |||||
| Cash at bank and in hand |
3,151,217 | (899,836) | 2,251,381 |